Jeffrey Schmid
Role in each timeline
- The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings
Kansas City Fed president who dissented against an October 2025 cut and later voted for a July 2026 rate increase.
Jeffrey Schmid across every timeline
Every dated entry that names Jeffrey Schmid, from all 1 timeline, newest first.
20261 entry
- Schmid says the Fed has work to do on its policy rate Response
Jeffrey Schmid said the Federal Reserve remained focused on its short-term policy rate. He said the Fed had work to do on that rate.
on The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings
20252 entries
- Third cut of the year to 3.5 to 3.75 percent, over three dissents Announcement
The FOMC delivered a third consecutive quarter-point cut, taking the range 75 basis points below its September level. Miran dissented for a larger cut while Austan Goolsbee and Jeffrey Schmid preferred to hold, the most dissents at a meeting since 2019. The projections showed only one cut in 2026, and this was the last change in the target range for at least the following nine months.
on The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings - Second cut to 3.75 to 4 percent; balance-sheet runoff to end December 1; dissents in both directions Announcement
With the government shut down and most official data suspended, the committee cut again and announced it would stop shrinking its securities holdings on December 1. Miran again wanted a half point while Kansas City's Jeffrey Schmid wanted no change. Powell said a December cut was far from a foregone conclusion.
on The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings